🔴 Brent Oil ETC (BRE3L.MI) is trading 4.52% down as Saudi cargoes through Oman ease supply fears

BRE3L.MI is trading at €35.72, down 4.52%, reflecting continued weakness in Brent crude.

• Brent fell as Saudi Arabia offered additional cargoes through Oman, easing immediate supply-disruption fears.
• U.S. crude inventories declined only 640,000 barrels versus expectations for a 1.6-million-barrel draw; gasoline and distillate stocks increased.
• BRE3L.MI targets three times Brent’s daily movement, amplifying the decline; easing supply risk and profit-taking dominated sentiment in a commodity-specific, not broad-market-driven move.